Tag: oil
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Oil falls as Trump comments on Iran talks ease supply concerns
Oct 9 : Oil prices fell on Friday as Middle East supply concerns eased somewhat after US President Donald Trump said the country will not attack Iran before US elections next month amid productive talks to end their war that has disrupted the market. Brent crude futures fell 72 cents, or 0.7 per cent, to…
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Asia races to stockpile oil, speed up renewables in response to Iran war
MANILA, Oct 8 : Asian countries are racing to raise their oil stockpiling capacity, complete a regional power grid and speed up renewables in response to supply risks laid bare by the Iran war.Southeast Asia has been worst hit by the energy impact as 80 per cent of the oil transported through the Strait of…
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How a multibillion-dollar oilfield has ignited the UK-Argentina feud over the Falkland Islands
Argentina and the UK once fought a war over the Falkland Islands. Now, the multibillion-dollar Sea Lion oil project has reignited old tensions, with Buenos Aires seeking to put a stop to the plans.
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How a multibillion-dollar oilfield has ignited UK-Argentina feud over the Falkland Islands
Argentina and the UK once fought a war over the Falkland Islands. Now the multibillion-dollar Sea Lion oil project has reignited old tensions, with Buenos Aires seeking to put a stop to the plans.
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Oil rises as Middle East supply concerns persist amid shipping attacks
Oct 8 : Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz. Brent crude futures rose $1.33, or 1.33 per cent, at $101.53 a barrel by 0116 GMT. US West Texas Intermediate…
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Oil price volatility tops list of earnings risks for Japan firms – Reuters survey
TOKYO, Oct 8 : Volatility in the global crude oil market tops the list of major risks for Japanese companies, followed by foreign exchange fluctuations and rising interest rates, a Reuters survey showed on Thursday.The US-Israeli war on Iran, which began on February 28, has constrained crude oil supply, sent
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World shares, euro slide as high oil prices, fiscal worries linger
Oct 7 : Global stocks and the euro pulled back on Wednesday as oil prices held near $100 amid renewed Middle East tensions while concerns France’s fiscal woes could affect broader debt markets continued to weigh on overall sentiment.The S&P 500 slid 0.3 per cent a day after it hit a new record. The tech-heav
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Oil rises as investors weigh supply threats
LONDON, Oct 7 : Oil prices rose on Wednesday, with Brent futures holding above $100 a barrel, on continued Middle East supply risks and a storm heading for oil-producing regions in the United States. Brent crude futures were up 75 cents, or 0.75 per cent, to $101.33 a barrel at 1200 GMT. US West Texas…
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Oil stable as higher Middle East exports offset supply threats
LONDON, Oct 7 : Oil prices were stable on Wednesday, with Brent futures holding above $100 a barrel, as investors weighed higher Gulf exports against ongoing supply risks from the Middle East conflict and a storm heading for oil-producing regions in the United States. Brent crude futures rose 35 cents, or 0.
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Oil prices rise as storms and air strikes threaten supply
PERTH, Oct 7 : Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose 93 cents, or 0.92 per cent, to $101.51 a barrel
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